Leeds, United Kingdom

Ecological Economics

Master's
Language: EnglishStudies in English
Subject area: physical science, environment
Qualification: MSc
Kind of studies: full-time studies, part-time studies
Master of Science (MSc)
University website: www.leeds.ac.uk
Ecological Economics
Ecological economics (also called eco-economics, ecolonomy or bioeconomics of Georgescu-Roegen) is both a transdisciplinary and an interdisciplinary field of academic research addressing the interdependence and coevolution of human economies and natural ecosystems, both intertemporally and spatially. By treating the economy as a subsystem of Earth's larger ecosystem, and by emphasizing the preservation of natural capital, the field of ecological economics is differentiated from environmental economics, which is the mainstream economic analysis of the environment. One survey of German economists found that ecological and environmental economics are different schools of economic thought, with ecological economists emphasizing strong sustainability and rejecting the proposition that natural capital can be substituted by human-made capital (see the section on Weak versus strong sustainability below).
Economics
Economics () is the social science that studies the production, distribution, and consumption of goods and services.
Economics
Capitalism is the exploitation of man by man; Communism is the exact opposite.
Coluche, "Les syndicats et le délégué," Coluche : l'intégrale, vol. 3, "1989 chez Carrère".
Ecological Economics
There are two basic ways market organization is brought about... Some combination of the two is usual the case:
Strategic structuring, informal or formal, whereby social agents, including the state, establish a rule regime regulating market access and transactions...
Emergent structuring, whereby participants discover or adopt certain similar strategies within bounded rationality and situations with certain opportunity structures and incentive structures. Social network and ecological properties result in relatively well-defined aggregate performance characteristics...
Tom R. Burns, The shaping of social organization (1987) p. 127.
Economics
Economists have never allowed their analysis to be influenced by psychologists of their time, but have always framed for themselves such assumptions about psychical processes as they have thought it desirable to make.
Joseph Schumpeter, History of Economic Analysis, 1945. p. 27
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